The quarter close - Q3 2020

As the financial, economic, and social impacts of the COVID-19 pandemic linger, finance leaders continue to adapt and adjust their ways of managing through these uncertain times.The liquidity demands accelerated by the pandemic have resulted in the issuance of record levels of convertible debt instruments, which is an area of significant accounting complexity - although some accounting relief was recently provided by the FASB. Companies have also sought increased liquidity through other means, including increased levels of government assistance and through the restructuring of existing debt arrangements - both of which come with their own accounting considerations.In this edition of The quarter close, we highlight these and other timely accounting and reporting topics, including:considerations when assessing the recoverability of deferred tax assets in the current environment;insights for navigating the hidden complexities when applying the new goodwill impairment guidance; andperspectives on how changes in business operations and strategy could impact segment reportingTranscripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].